3M provides sales guidance range in line with expectations

3M Co. /zigman2/quotes/205029460/composite MMM +0.83% said Monday that total sales for the month of November rose 8% from a year ago to $2.9 billion. The consumer, health care and industrial products company, which makes Post-it Notes and N95 face masks, said sales in both its safety and industrial and consumer businesses grew 16%, health care sales rose 5% and transportation and electronics sales increased 3%. The company said that "although significant macroeconomic uncertainty remains," it expects fourth-quarter sales of $8.2 billion to $8.4 billion, which surrounds the FactSet consensus of $8.27 billion. The stock, which slipped 0.7% in premarket trading, has lost 1.4% year to date through Friday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.35% has gained 5.3%.

/zigman2/quotes/205029460/composite

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3M Co.

US : U.S.: NYSE

$ 177.63

+1.46 +0.83%

Volume: 2.74M

Feb. 24, 2021 4:02p

P/E Ratio

19.21

Dividend Yield

3.33%

Market Cap

$102.02 billion

Rev. per Employee

$338,825

/zigman2/quotes/210598065/realtime

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Dow Jones Industrial Average

US : Dow Jones Global

31,961.86

+424.51 +1.35%

Volume: 413.35M

Feb. 24, 2021 5:20p